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20130416
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to buy more than 1,000 u.s. dollars worth of gold you have to provide your income tax number. india say major buyer of gold. it is discouraging unaccounted for money moving into gold. i think with regards to commodities, there's a lot of uncertainty about chinese economic growth. if you look at steel production, cement production, it's barely growing in china. residential construction starts last year were down 11%. so i think there's a fundamental issue with commodities. they probably moved lower. there are assets much more interesting than commodities. >> mark, if this is a situation where as you suspect this is someone got in trouble, what happens to prices from here. >> well, if we go back down again and we have a big increase in margin calls again and then money has to be raised in the equity markets to offset losses in gold, then you're going to go down somewhere under you're going to rely on the margin. and cme released yesterday. >> anybody who says that deflation is once again on the table may have nothing to do with that whatsoever. >> i think you're right. i think someone or
new york state, where cutting taxes for families and businesses is our business. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> on budget and on time, rio tinto says it's on track to expand iron ore output to 390 million tons this year under its $90 million project. the company is making good progress in its cost cutting drive, coping with the sharp fall in commodity demand. shares are higher this morning 1.74%. i want to get a thought here from martin hennecke. martin, what do you do with iron ore here despite the declines we've seen across the board for the commodity complex? >> it's a great time to manipulate because it has been monolithic growth on those metals and you see the physical buyers really moving in very strongly, for example, in china ther
and that they are squeezed to higher payroll taxes. me? i come down squarely in the mechanical camp, because i have liquidated assets myself. i know the havoc that a margin clerk can wreak, because i have been there and been a part of it and perhaps because i am a recipient of a tough margin call and because i know how the raise capital on the fly, and how hedge funds gone wild exacerbated the 2008 and 2009 sell-off with endless liquidations, and i have seen the pattern before and it is similar to all of the other times and it does not mean that it should be longer, but or when the margin clerks are done, but it should sold, because you have little basis of facts. what should you do? first, if you find out no mystery and world wide weakness, take the sell-off from face value and find out who benefits? the answer is companies like general mills, boxes filled with grains that are declining in price. and general mills benefits from the commodities decline all of the way around. so if you believe that there is a worldwide slip for commodities to decline, then gis. and this is the exaggerating the short
the internet. and that's sort of a characteristic of a lot of the al-qaeda tax, where they really shoot for media amplification of these kinds of things. >> i guess what i'm asking, i know it's a difficult question, as probably unanswerable at this point. is it possible, in your judgment, from your experience, and your studies, that only one person did this? >> possible, but not so likely. >> mr. lighter, can you answer that one too? >> i'd say absolutely possible. >> absolutely possible. gentlemen, thank you very much. michael lighter, james forest, we appreciate it. and reminder to our viewers, we are monitoring the situation in boston. we'll break in with any significant break-in news throughout the program. but up next, we're going to switch gears a little bit. i say plunging gold is a good signal for the economy. just as it was in the '80s and the '90s. & there is no end of the world scenario out there. but my friend peter schiff disagrees. he's going to make his case ahead. don't forget, folks, free market capitalism always the best path to prosperity. i think that might include a
the last couple of months. >> there are good articles in the papers today about how the tax receipts were better than expected so far, and the money back out for your refund, much lower than expected and that could be a dollar issue. i know family dollar flagged that, and the ceo of pvh came on "mad money" and said, it was 20 degrees too cold so we had the -- all of the stores had the wrong merchandise and they had the so-called cruisewear. it was obviously a multi-factor issue and it was not just one thing that says target was bad. walmart was not bad and a very good note. costco, and i'm -- i thought that was interesting. surrounded by costco and walmart. you know those cultures are not weather cultures. >> yeah. ubs initiates with a buy on those two and a neutral on target, but someone pointed out the sales trend on target, jim, from the past four quarters has gone from 5-3, 2-9, .4 and now they're looking flat. >> they're not a jc penney beneficiary and walmart is not very renewed in its tenacious way to take on target and underneath the dollar generals. i know people don't associate
places in europe, it's contracting. and in the united states, we have a tax code that is not designed to incent investment, which produces jobs and gdp growth, and hopefully we'll change that soon. >> international priority shipping saw a decline in what you charge per package to ship. what does that tell you about the global economy outside of the u.s.? >> well, i think what people are doing with the price of fuel, and this goes to larry fink's remarks a few moments ago, about the prospects for mexico, as it costs more to move goods, off a the price of fuel, they make price service trade downs, so our economy shipping was growing quite nicely. we simply have to adjust capacity and got a little out of phase with that. but it's not by accident that, again, referencing what larry said a couple years ago, we bought a wonderful company in mexico, which is now a big part of the fedex portfolio, because we believe there's be a lot of near shoring and the nafta trades will be quite strong. >> yeah, i am loving this mexico story. you're investing in mexico as well, really interesting. fred, l
Search Results 0 to 5 of about 6

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